Vietnamese seafood exporters have got off the hook after the US DOC dropped the 4.7 percent anti-dumping tax on Vietnam’s shrimp. It has also won the CVD lawsuit. The “brace” is believed to pave the way for more shrimp exports to the US market.
Tran Van Linh, General Director of the Thuan Phuoc Seafood and Trade Company in Da Nang, called the victory “an exploit.”
The anti-dumping tax had been in place since 2004. The new zero rate will be applied for two years until a new review is made.
This is the first time that the US has acknowledged that no Vietnamese shrimp are being dumped. All the 33 Vietnamese shrimp exporters will now enjoy a zero tax rate on shrimp products exported to the US.
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